CFO Leadership

CFO as a Leader needs to enable in leveraging organization to achieve both strategic & operational goals adhering to core values & purpose involving all stakeholders?for sustainable profitable growth ?in all times.

CFO ??in evolving paradigm changing??business scenario needs to play a vital role of thinking ahead and gear up for future. CFO needs to view a big picture, articulate options, build scenarios, facilitate decision making & drive change.?CFO Leadership is reflected in sustainable business performance.

Some of CFO Leadership emerging perspectives

Business Partner & Strategic thinker ?

Being Business Partner??& Strategic thinker enables in??delivering ??enhanced business performance. Need to align with Organization’s Vision, Mission & Values, Set Strategic Priorities, drive Strategic acquisitions, assess Strategic risk, evaluate Strategic trade off, allocate resources, develop Strategic Framework review mechanism, integrate stakeholders & support Skill development to deliver Strategic Value Creation.

Lead Performance with Growth Mindset, Creativity & Adaptability

Develop performance business metrics both strategic & operational to measure business performance to attain competitive advantage. Lead performance with Growth mindset, Creativity & adaptability?to drive teams to explore new opportunities of Markets, Products, & business Models, accelerate Innovation, Leveraging Digital, Cost Optimization & productivity,?Analytics, Manage liquidity, enhanced profitability &?better returns.

?Drive Customer Profitability

Drive Measurement of Customer ?Profitability Analysis apart from Product wise Profitability Analysis enabling in identifying??profitability & Cost (resources, activities, management time , Cost of capital) for serving a customer/ Customer segment. Drive Strategic positioning, Pricing & Resource allocation resulting in Value creation for customer & shareholders.

Total Cost of Ownership & Cost of Quality

Drive Measurement of TCO analysis enabling decision based on overall Total Cost of Ownership across value chain rather than only buying price. Eg. TCO cost = Purchase Cost + Ordering Cost + Carrying Cost + Cost of Scrap + Warranty Cost + Tooling Cost. Cost driver analysis ??for each component of TCO for Cost optimization & elimination non value added activities. Ensure cost of quality is monitored optimized with a balance in prevention & failure Cost.

Lead Ease of Doing Business

Lead Ease of Doing business on Cost optimization and align resources & processes in achieving strategic objective. Process optimization enables in minimizing cost & maximization throughput or efficiency ensuring??Governance, Controls & Compliances. Value Chain Analysis (eliminate non value added activities) enables in mapping activities (primary & support) for delivery a product or service to customer. ?Eg. Shared service, Process Automation, Over compliance, Meetings effectiveness, staff turnover, aligning processes to Customer/Market /Product Segment. ?

Drive Cost Culture & Cost benefit analysis

Drive Cost Culture and Mindset, in organization to be Cost Leader for being relevant in all business scenarios for sustainable profitable growth. Engaged people with their space for growth are happy ,more productive leads to cost optimization & create value as being agile and adapting to new perspectives.?Ensure Cost benefit analysis for measuring effectiveness of Cost elements & linking to revenue or opportunity loss before eliminating Cost. Eg. Training aligned to quality, Customer Care aligned to Prospects conversion to sales, Development in future products & services aligned to Innovation.

?Drive Digital?

Needs to be at the forefront of Digitization (automation, analytics, robotic processes , data visualization) to enable data driven business decision for Customers, people, Operations, Supply chain, Finance aligning strategic objective. Allocate resources to drive productivity, Cost Competitiveness leveraging new business models.

Enhanced Governance Culture

Ensure Governance, Compliance, Internal Controls , adherence to policies?by driving culture of clear responsibility & accountability. Engage with stakeholders (Customer, Supplier, Employees, Board, Shareholders, Investors, Regulators)?sharing Opportunities, Challenges, Risks, Risk mitigation plans, Future outlooks ?exhibiting Trust, shared values, transparency, integrity & deep commitment create governance culture for sustainability.

Being a Coach & Mentor ?

Exhibits leadership traits of Coaching & Mentoring teams by articulating purpose of organization, path to achieve & their role in driving financial & non-financial results, exploring options , enables a culture of shared vision to enhance business performance and achieve corporate objective & business goals.

CFO needs to create a value through strategic Leadership aligning organization, resource allocation, set incentives for customer, employees to achieve corporate objectives. CFO is being measured as a value architect for long term to achieve sustainable profitable growth.?